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A-17 BID BOND FORM

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					State Retirement Agency MPAS-1 Project

RFP Solicitation 06-10

ATTACHMENT A-17: BID BOND FORM
BID BOND
BOND NO.________________ BID REQUEST NO.___________________ KNOW ALL MEN BY THESE PRESENTS, That we, _____________________________________ hereinafter called the Principal, as Principal, and of ________________________________________ a Corporation duly organized and existing under the laws of the State of_____________ and authorized to do business in the State of Maryland, hereinafter called the Surety, as Surety, are held and firmly bound unto, the State of Maryland, hereinafter called the Obligee, in the sum of One Hundred Thousand Dollars ($100,000.00), good and lawful money of the United States of America, to be paid upon demand of the Obligee, for payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH THAT, Whereas, the Principal has submitted to the Obligee a Bid for furnishing all labor, materials, equipment and incidentals thereto necessary for work generally described as ________________________________________________________________________________ ________________________________________________________________________________. This Bid Bond shall be governed by and construed in accordance with the laws of the State of Maryland and any reference herein to Principal or Surety in the singular shall include all entities in the plural who or which are signatories under the Principal or Surety heading below. NOW, THEREFORE, If the Obligee shall accept the Bid of the Principal and the Principal shall enter into a written agreement with the Obligee in accordance with the terms, conditions and price(s) set forth therein, and furnish such insurance and give such bond or bonds as may be specified in the Bidding or Contract Documents with good and sufficient surety for the faithful performance of such Agreement and for the prompt payment of labor and materials furnished in the prosecution thereof, then this obligation shall become null and void; otherwise, it shall remain in full force and effect; and the Surety shall, upon failure of the Principal to comply with any or all of the foregoing requirements immediately pay to the Obligee, upon demand, the amount hereof in good and lawful money of the United States of America, not as a penalty, but as liquidated damages. IN TESTIMONY WHEREOF, the Principal and Surety have caused these presents to be duly signed and sealed this ______ day of __________________, 20___. Principal By __________________________________ (Seal)

_________________________________ Official Title ____________________________________ Surety By _________________________________ Attorney-in-Fact By _________________________________ Maryland Agent

(Accompany this bond with Attorney-in-Fact’s authority from Surety Company certified to include the date of the bond)

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